Which country has the most Taxes on exports (% of tax revenue)?

The country with the highest Taxes on exports (% of tax revenue) is Solomon Islands, with a value of 18.0972015181073.

Which country has the least Taxes on exports (% of tax revenue)?

The country with the lowest Taxes on exports (% of tax revenue) is Guatemala, with a value of 0.00000442647964722742.

What is the average Taxes on exports (% of tax revenue) among the listed countries?

The average Taxes on exports (% of tax revenue) among the listed countries is 2.535508116049334.

How are Taxes on exports defined?

Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. This includes rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties which are deducted from the gross amounts receivable from these taxes.

How do Taxes on exports impact a country's economy?

Taxes on exports can impact a country's economy by influencing the competitiveness of its exports, affecting trade relationships with other countries, and potentially impacting the overall revenue collected by the government.

Taxes on exports (% of tax revenue)

Countries By Taxes on exports (% of tax revenue)

Key points

Taxes on exports are important sources of revenue for many countries, with rates varying widely across the globe.
The data shows a significant disparity in the percentage of tax revenue derived from export taxes, with the Solomon Islands having the highest rate at 18.10% and Guatemala the lowest at 0.0000044%.
Countries with high taxes on exports may use this as a way to protect domestic industries or to generate government income.
Conversely, countries with low export taxes may aim to promote trade and attract foreign investment by keeping export costs low.
The average tax on exports as a percentage of total tax revenue across the listed countries is approximately 2.54%, highlighting the diverse approaches nations take in utilizing export taxes.

Official Definition of Taxes on exports (% of tax revenue)

Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.

Importance

Taxes on exports (% of tax revenue) is a crucial macroeconomic statistic for a country as it directly reflects the extent to which a nation relies on taxing its exports for revenue generation.

When this percentage is low, it indicates that the country is not heavily dependent on taxing its exports as a significant source of revenue. This can be positive as it may attract more foreign buyers and encourage domestic producers to be competitive in the global market. On the other hand, a low value could also imply that the country is not fully utilizing the potential of export taxation for revenue generation.

Conversely, a high value of Taxes on exports (% of tax revenue) signifies that a country heavily taxes its exports to generate revenue. While this can boost government income in the short term, it may make the country's products more expensive in the international market, potentially reducing competitiveness and affecting export volumes. Moreover, a high reliance on export taxes can make the economy more vulnerable to fluctuations in global trade and demand.

Top 10 Countries by Taxes on exports (% of tax revenue)

Bottom 10 Countries by Taxes on exports (% of tax revenue)

Regions

Europe

Belarus has a relatively high tax on exports compared to Norway and Ukraine, indicating a significant reliance on export taxation for revenue generation. In contrast, Norway and Ukraine have very low taxes on exports, suggesting a more favorable environment for international trade. Belarus may benefit from increased revenue but risks making its exports less competitive globally. Norway and Ukraine, on the other hand, enjoy a competitive edge in the export market due to lower export taxes, potentially attracting more foreign investment. This statistic can impact Belarus negatively by deterring foreign buyers, while benefiting Norway and Ukraine by boosting their export competitiveness and attractiveness to investors.

Far East: East Asia, SE Asia, Australia

In analyzing the Taxes on exports (% of tax revenue) statistic for the selected countries, Papua New Guinea stands out with a high rate of 4.09%, indicating a significant reliance on taxing exports for revenue. Malaysia follows with 0.48%, showing a moderate dependence. Indonesia and Thailand have rates of 0.33% and 0.01% respectively, indicating lower reliance on export taxes. Cambodia and Mongolia have very low rates at 0.13% and 0.002% respectively. While high export taxes can boost government revenue, they may discourage exports and hinder economic growth. Conversely, low rates can attract foreign investment but may lead to revenue deficits. Each country's development may be impacted differently based on their reliance on this tax, affecting trade competitiveness and fiscal stability.

ASEAN

Among the listed countries, Malaysia imposes the highest taxes on exports, with a percentage of tax revenue at 0.48%, followed by Indonesia at 0.33%, Cambodia at 0.13%, and Thailand at 0.01%. Malaysia's high tax rate may provide short-term revenue benefits but could lead to a decrease in export competitiveness and potential trade conflicts. Indonesia's intermediate tax rate may strike a balance between revenue generation and export growth. Cambodia's low tax rate can attract foreign investment but may limit government revenue. Thailand's minimal tax on exports shows a commitment to promoting export-led growth. Overall, the impact of this statistic on these countries' development lies in balancing revenue needs with fostering a competitive export environment.

Latin America

Argentina imposes a relatively high tax on exports, constituting 12.3% of its tax revenue, indicating a significant reliance on taxing goods leaving the country. In contrast, Brazil's tax on exports is minimal at 0.005%, suggesting a more export-friendly environment. Costa Rica follows suit with a low rate of 0.12%, while Guatemala and Mexico have negligible export taxes. Argentina's high export tax may deter foreign investments and limit competitiveness, while Brazil's low tax could attract businesses but might reduce government revenue. Costa Rica's moderate tax strikes a balance, while Guatemala and Mexico's minimal taxes encourage exports but may impact public funds. This statistic can influence economic development by affecting trade flows, government income, and international competitiveness.

Middle East

Azerbaijan imposes a relatively low tax on exports, accounting for only 2.9% of its total tax revenue. This indicates a favorable environment for businesses engaged in international trade, potentially boosting export competitiveness. However, relying heavily on export taxes can also make the country vulnerable to fluctuations in global demand and trade dynamics. Azerbaijan benefits from this policy through increased revenue generation without excessively burdening exporters, but it may face challenges if global market conditions deteriorate. Overall, this statistic suggests that Azerbaijan prioritizes fostering a favorable export climate, which can positively impact economic growth but also poses risks in times of economic uncertainty.

Rivals

Russia v Ukraine

The Taxes on exports (% of tax revenue) in the Russian Federation stands at 9.87%, while in Ukraine it is only 0.03%. This stark contrast reflects the Russian Federation's heavier reliance on taxes imposed on goods leaving the country as compared to Ukraine. The advantage for Russia is a diversified revenue stream, but this could also make its exports less competitive. On the other hand, Ukraine's low reliance on export taxes can give its exports a price advantage in the global market. However, this may also indicate a potential vulnerability in revenue generation for Ukraine. The impact of this statistic on both countries' development lies in striking a balance between revenue generation and maintaining export competitiveness.

FAQs

Which country has the most Taxes on exports (% of tax revenue)?
Answer: The country with the highest Taxes on exports (% of tax revenue) is Solomon Islands, with a value of 18.0972015181073.
Which country has the least Taxes on exports (% of tax revenue)?
Answer: The country with the lowest Taxes on exports (% of tax revenue) is Guatemala, with a value of 0.00000442647964722742.
What is the average Taxes on exports (% of tax revenue) among the listed countries?
Answer: The average Taxes on exports (% of tax revenue) among the listed countries is 2.535508116049334.
How are Taxes on exports defined?
Answer: Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. This includes rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties which are deducted from the gross amounts receivable from these taxes.
How do Taxes on exports impact a country's economy?
Answer: Taxes on exports can impact a country's economy by influencing the competitiveness of its exports, affecting trade relationships with other countries, and potentially impacting the overall revenue collected by the government.